Financing ·
American Rebel Holdings issues shares to convert debt and preferred stock, terminates $11.7M real estate acquisition
AREBAmerican Rebel Holdings Inc
American Rebel Holdings issued approximately 3 million common shares to Streeterville Capital and Horberg Enterprises in exchange for the conversion of a $125,000 secured promissory note partitioned from a larger debt facility and Series E preferred stock. Concurrently, the company terminated its acquisition of 218 LLC for an original principal amount of $11.7 million, surrendering 82,000 shares of Series D convertible preferred stock in return for executing a new unsecured promissory note for $89,986.18 payable over nine months. The company also released $100,000 from a deposit account control agreement and issued additional shares to Silverback Capital Corporation for services. American Rebel Holdings operates as a diversified lifestyle company producing branded safes, vault doors, and American Rebel Light Beer.